UAE

VAT Registration & Consultancy Services

The UAE enjoyed a long period of tax exemption, but the impact of the global market made it necessary to implement a tax system in 2018. VAT was one of the taxes that was levied on the sale of commodities. To help the domestic suppliers, this tax is also levied on imported goods and services. Due to the fact that VAT is levied on both goods and services across the supply chain, the UAE now requires VAT registration more than ever. Manufacturers and merchants must register for VAT in UAE in order to abide by the new tax law. While some providers are required to register, others choose to do so voluntarily.

The Requirements for VAT Registration in Dubai, and the UAE:

Businesses having taxable supplies and imports above AED 375,000 

Mandated to apply for VAT registration

Businesses having taxable supplies and imports between AED 187,500 & AED 375,000

Can voluntarily apply for VAT registration

Businesses having taxable supplies and imports less than AED 187,500

Not required to apply for VAT registration

Importance of VAT registration in UAE

Improves the company’s reputation
Protects the company from penalties
Companies can claim a VAT refund
Capture a larger, more diverse market

At Nair and Nelliyatt, we distinguish ourselves from the rest by delivering effective VAT assistance to our clients. Our qualified VAT consultants examine our client’s needs and recommend suitable solutions in addition to educating them on how to deal with present and future challenges.